Tyndall launches institutional product
Tyndall Asset Management has launched a new product - an institutional version of its Tyndall Australian Share Concentrated Fund.
It said the institutional version of the product might prove suitable for investors on zero or low tax rates, such as charities, endowment funds and superannuation funds.
The announcement said the new institutional product used the same strategy as the Tyndall Australian Share Concentrated Fund but was likely to participate in off-market share buy-backs - something that had historically been very tax effective for investors on low tax rates.
Commenting on the move, Tyndall Asset Management managing director Mike Davis said company had identified a growing need for a concentrated share strategy that participated in off-market share buy-backs that might be suitable for zero and low-tax rate investors.
“We have already seen interest from superannuation funds as well as not-for-profit organisations and charities in the new fund,” he said.
Recommended for you
Insignia Financial has issued a statement to the ASX regarding a potential bid from a third global private equity business to acquire the firm.
More than 30 advisers fell off the FAR during the Christmas and New Year period, according to Wealth Data, with half of these coming from licensee giant Entireti.
With next-generation heirs unlikely to retain their family’s financial advisers after receiving an inheritance, Capgemini has explored how firms can work with younger generations to maintain a relationship.
The use of technology and data analytics will be a way for advice firms to grow in 2025, according to Adviser Ratings, with those who are using it successfully reporting 10 per cent higher profit margins.
